Westpac
Zerodha
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Overview
Westpac was founded in 2008 and is headquartered in Austrailia, while Zerodha was established in 2010 and is based in India. Westpac holds licences including Financial Conduct Authority (FCA), while Zerodha is regulated by Securities and Exchange Board of India (SEBI) among others. Westpac serves 10,000+ clients worldwide; Zerodha has 1,500,000+. The minimum deposit is $50 at Westpac and $0 at Zerodha.
| Feature | Westpac | Zerodha |
|---|---|---|
| Min. Deposit | $50 | $0 |
| Regulation | Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) | Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange |
| Founded | 2008 | 2010 |
| Country | Austrailia | India |
| Clients | 10,000+ | 1,500,000+ |
Fees
Fees are a critical factor when choosing between Westpac and Zerodha, directly affecting your bottom line as a trader. Zerodha has a lower barrier to entry with a minimum deposit of $0 (vs $50 at Westpac). Neither broker charges withdrawal fees. Westpac charges deposit fees; Zerodha does not. The two brokers are broadly comparable on fee structure.
| Feature | Westpac | Zerodha |
|---|---|---|
| Min. Deposit | $50 | $0 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | Yes |
Platforms
Westpac offers MT4, MT5, cTrader, while Zerodha supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Westpac supports social and copy trading features, which Zerodha does not offer. The two brokers are closely matched on platform offering.
| Feature | Westpac | Zerodha |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Desktop,Mac,iPhone,Android,WEB | Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Westpac and Zerodha compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. Westpac scores higher overall in education and research.
| Feature | Westpac | Zerodha |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Westpac accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Zerodha supports 1 (bank transfer). Westpac uniquely supports credit/debit card among the two brokers. Westpac scores higher on deposit and withdrawal flexibility.
| Feature | Westpac | Zerodha |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | No |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Westpac and Zerodha offer live chat support. Both provide phone support. Email support is available at both brokers. Westpac supports 2 languages and Zerodha supports 13, giving Zerodha broader global reach. Both brokers are comparable on support quality.
| Feature | Westpac | Zerodha |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce |